SK Hynix invests bigtime in new NAND memory factory

by Hilbert Hagedoorn on: 12/23/2016 09:25 AM | source: | 0 comment(s)

Things are going well for memory manufacturer Hynix, they are investing massively in a new plant. In fact they will invest $2.6 billion to boost its NAND production to anticipate on increasing demand for mobile and computer storage.

The new plant begins construction from August and will be completed by June 2019, the Icheon, South Korea-based company said in a statement. DRAM chips are used in mobile and computers to help run multiple programs simultaneously, while NAND is needed in smartphones and tablet computers for functions from playing videos and multitasking to storing books and photographs.

Hynix reported a 43.1 percent drop in net income in the third quarter but the persistent rise in chip prices, with demand outstripping supply, is boosting expectations for sharply improved earnings in the fourth quarter, Kiwoom Securities Co. said in a Dec. 14 report.

Related Stories

SK Hynix 8GHz 3D stackable GDDR5 memory - 11/18/2014 09:33 AM
Hynix started shipping its 3D stackable HBM (High-Bandwidth Memory) GDDR5 memory, stacked means more memory cells per IC. The chips have a capacity of 4Gb and are clocked at 8 Gbps. According to some,...

SK Hynix Develops 128 GB DDR4 Module - 04/08/2014 06:41 AM
Um, yeah you did read that right, 128 GB ! SK Hynix Inc. announced that it has developed the world's first highest density of 128 GB (Gigabytes) module based on 8 Gb(Gigabit) DDR4 using its advanced...

SK Hynix 8 Gb LPDDR4 Memory - 01/02/2014 07:14 AM
SK Hynix Inc. announced that it has developed the world's first 8 Gb (Gigabit) LPDDR4 (Low Power DDR4) using its advanced 20 nm class technology. LPDDR4 is the next generation mobile DRAM interface o...

SK Hynix mass produces 16nm NAND flash memory already - 11/21/2013 07:27 AM
SK Hynix announced that it has started full-scale mass production of 16nm 64Gb(Gigabit) MLC(Multi Level Cell) NAND Flash, which uses the industry&rsquo;s thinnest process technology....

SK Hynix Shows 6Gb LPDDR3 chips - 11/01/2013 08:07 AM
SK Hynix showed off new 20nm-class 6Gb LPDDR3 memory chip for high-end mobile devices. Mass production is expected to kick off in early 2014. SK Hynix Inc. (or &lsquo;the Company&rsquo;, www.s...

Post New Comment

Click here to post a comment for this news story on the message forum.